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Raytheon Co Set to Possibly Pullback After Yesterday's Rally of 1.30%

By Nick Russo

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $222.76 to a high of $225.27. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $222.74 on volume of 625,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Raytheon Co share prices have moved between a 52-week high of $224.91 and a 52-week low of $130.97 and are now trading 72% above that low price at $224.91 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Raytheon Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Raytheon Co in search of a potential trend change.

Keywords: rebounders raytheon co

Ticker(s): RTN